Why it’s important for startups to diversify their business model
Two of Australia’s hottest startups, Unlockd and Prospa, built a business model reliant on a single, external force which ultimately left them vulnerable.
Two of Australia’s hottest startups, Unlockd and Prospa, built a business model reliant on a single, external force which ultimately left them vulnerable.
Sitting behind fintech startups, the expected champion in NSW amongst all the industry segments, are health and biotechs.
Prospa has announced that it has raised a $20 million debt facility from Silicon Valley based VC firm Partners For Growth.
Australia is the top nation, alongside Brazil, facilitating the largest fintech deals outside the global core markets, according to a CB Insights report.
Expert360 has announced the close of a $13 million Series B round, which will fund the development of new features and international growth.
Prospa has announced the closing of $25 million in funding led by AirTree Ventures, which will be used to help the business grow its technology and team.